- Tax revenues in 2025 amounted to €105.7 billion, up by €8.6 billion (8.9 per cent), on 2024.
- Of this:
- Income tax receipts amounted to €36.6 billion, up by €1.5 billion (4.3 per cent);
- Corporation tax receipts of €32.9 billion are up by €4.8 billion (17.2 per cent);
- VAT receipts of €22.9 billion were €1.1 billion (5.1 per cent) higher.
- Total gross voted expenditure amounted to €109.4 billion, €5.7 billion (5.5 per cent) ahead of 2024 and €0.6 billion (0.5 per cent) behind profile.
- An (underlying) Exchequer surplus of €3.8 billion was recorded last year.
An underlying Exchequer surplus of €3.8 billion was recorded last year.
On the revenue side total underlying tax receipts amounted to €105.7 billion in 2025, an €8.6 billion (8.9 per cent) increase on 2024.
In terms of direct taxes income tax receipts of €36.6 billion are up on the previous year by €1.5 billion (4.3 per cent) reflecting the strength of labour market. Corporation tax receipts amounted to €32.9 billion last year, €4.8 billion (17.2 per cent) ahead of 2024.
In terms of indirect taxes, VAT receipts for the year amounted to €22.9 billion, €1.1 billion (5.1 per cent) higher than 2024, demonstrating the resilience in consumption. Excise receipts were €6.5 billion, up by €0.2 billion (3.0 per cent).
Non-tax revenue in 2025 was €3.5 billion, up by €1.9 billion on 2024, largely driven by transfers to the Exchequer arising from the CJEU judgement (mainly interest payments).
Total gross voted expenditure amounted to €109.4 billion, €5.7 billion (5.5 per cent) ahead of 2024 and €0.6 billion (0.5 per cent) behind profile.
In terms of the bottom line, an underlying Exchequer surplus of €3.8 billion was recorded in the year, an improvement of €2.0 billion on the previous year (the headline surplus was €7.1 billion).
Tánaiste and Minister for Finance, Simon Harris T.D. said:
The Minister for Public Expenditure, Infrastructure, Public Service Reform and Digitalisation, Jack Chambers T.D. said:
ENDS
Notes to editors:
Unless stated, all figures in this press release exclude the impact of the Court of Justice of the European Union (CJEU) ruling of September last year.
In 2025 €3.3 billion was received (€1.7 billion in corporation tax receipts and €1.6 billion in non-tax revenues) in the first half of the year.
Fiscal Monitor December 2025
Analytical Exchequer Statement December 2025